It's very simplistic fishing and since you can't cast great distances, requires some stealth to get close to the fish without spooking them. The rod I used is a telescoping 11' model called the Iwana that folds down to about 20". It's very compact and easy to transport from area to area. You also don't use standard fly line, you use a 10' 6" furled line to which I attached about a 4' 6x leader. All of that leads to a very soft presentation on the water surface. It excels with dry flies, but you can fish subsurface as well.
In the end, I do think this style is going to make me a better fly angler (not giving up my 3wt yet), just because it requires some extra discipline and thought before you approach a "fishy" area and make your first cast. For those reasons, I think I'm hooked on this method of fishing small creeks and streams.